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Notis McConarty Edward Purchases 4,720 Shares of Carrier Global Corporation (NYSE:CARR)

Carrier Global logo with Construction background

Notis McConarty Edward lifted its stake in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 10.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 51,980 shares of the company's stock after purchasing an additional 4,720 shares during the quarter. Carrier Global comprises about 1.7% of Notis McConarty Edward's investment portfolio, making the stock its 24th largest position. Notis McConarty Edward's holdings in Carrier Global were worth $3,296,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Close Asset Management Ltd lifted its holdings in shares of Carrier Global by 2.8% during the 1st quarter. Close Asset Management Ltd now owns 116,156 shares of the company's stock worth $7,364,000 after acquiring an additional 3,168 shares during the period. Kidder Stephen W lifted its holdings in shares of Carrier Global by 8.7% during the 1st quarter. Kidder Stephen W now owns 91,539 shares of the company's stock worth $5,804,000 after acquiring an additional 7,349 shares during the period. Oak Thistle LLC purchased a new position in shares of Carrier Global during the 1st quarter worth about $1,317,000. Somerville Kurt F lifted its holdings in shares of Carrier Global by 10.5% during the 1st quarter. Somerville Kurt F now owns 163,137 shares of the company's stock worth $10,343,000 after acquiring an additional 15,492 shares during the period. Finally, Proficio Capital Partners LLC raised its holdings in Carrier Global by 5.8% in the first quarter. Proficio Capital Partners LLC now owns 7,616 shares of the company's stock valued at $483,000 after buying an additional 418 shares during the period. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Stock Performance

Shares of CARR traded up $1.28 during midday trading on Friday, hitting $80.72. 3,401,206 shares of the stock traded hands, compared to its average volume of 5,254,833. Carrier Global Corporation has a 1-year low of $54.22 and a 1-year high of $83.32. The firm has a market capitalization of $69.21 billion, a PE ratio of 12.50, a price-to-earnings-growth ratio of 2.17 and a beta of 1.31. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.83 and a current ratio of 1.20. The business's 50 day moving average price is $73.44 and its two-hundred day moving average price is $68.13.

Carrier Global (NYSE:CARR - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.07. Carrier Global had a net margin of 25.45% and a return on equity of 18.10%. The company had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $5.17 billion. During the same quarter in the previous year, the company posted $0.51 earnings per share. The company's revenue for the quarter was down 3.7% compared to the same quarter last year. Equities research analysts predict that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Monday, July 21st will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 1.11%. The ex-dividend date is Monday, July 21st. Carrier Global's dividend payout ratio (DPR) is presently 13.93%.

Insider Buying and Selling

In other Carrier Global news, Director Maximilian Viessmann sold 4,267,425 shares of the business's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $70.30, for a total transaction of $299,999,977.50. Following the sale, the director owned 54,341,534 shares in the company, valued at approximately $3,820,209,840.20. The trade was a 7.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 7.20% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on CARR shares. Northcoast Research upgraded shares of Carrier Global from a "neutral" rating to a "buy" rating and set a $85.00 price target on the stock in a report on Friday, May 9th. Robert W. Baird cut their price target on shares of Carrier Global from $88.00 to $85.00 and set an "outperform" rating on the stock in a report on Thursday, July 17th. Barclays raised their price target on shares of Carrier Global from $83.00 to $84.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $79.00 price target on shares of Carrier Global in a report on Tuesday, July 15th. Finally, Mizuho set a $72.00 price target on shares of Carrier Global in a report on Tuesday, April 22nd. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $84.65.

Check Out Our Latest Research Report on CARR

About Carrier Global

(Free Report)

Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies in the United States, Europe, the Asia Pacific, and internationally. It operates through three segments: HVAC, Refrigeration, and Fire & Security.

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